compensation for SAHP's, according to
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| Mon, 07-03-2006 - 10:00pm |
the census bureau, and salary.com.
i found this in the local paper today, and granted, its in the dear abbey section, i found the information she gave was very interesting and pertained to a lot of questions in another thread.
http://www.theday.com/re.aspx?re=79d4660d-963e-4ccf-adbd-9435d20c1a8b
"According to the Census Bureau figures for 2004 — which are the most recent — there are 36.7 million mothers of minor children in the United States. About one-third of them, 10.8 million, are stay-at-home moms.
According to an article penned by Al Neuharth, the founder of USA Today, in its May 11, 2006, edition, “Salary.com compensation experts estimate that stay-at-home moms work an average of 91.6 hours a week.” That's more than double the number of hours the average office worker puts in. He went on to say, “That should be worth $134,121 annually.”
He quoted the compensation analysts as figuring the lowest-paying parts of a mother's job are “housekeeper, laundry machine operator and janitor. Higher-paying categories include computer operator, facilities manager, psychologist and CEO.” With a 91.6-hour work week, 52 weeks a year, it works out to be $28.16 an hour."

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Jennie
This simply isn't true.
There are a lot of benefits to leasing other than just keeping a monthly payment down, some of which even people who are "well off" would like to take advantage of. Leasing is great for people who don't want to deal with major repair risks (because the car is always under warranty), people who have better places to put their money instead of "investing" long term in a depreciating asset (especially when the car is an expensive one), people who don't like to hassle with selling or trading in a car, people who want more car for their money (which includes those with high profile careers where appearance is far more important than in other careers), people who prefer to have a new car more frequently or just like to change cars frequently, people who choose to pay less in sales tax (or their business/employer does), and people who would like to defer the commitment to buy until they've gotten a "feel" for the car.
Jennie
Plus, the point of the deduction is to encourage paid workers to stay in the work force. So, even if the working parent allows the kid an extra hour in child care to cover a doctor's appointment, etc., since the goal--more people in the paid workforce--is met, the ticky-tack hours aren't such a biggie.
The government wants to encourage home ownership, but most people cannot afford a home without a mortgage, so they make mortgage interest deductible.
The government wants to encourage more people to stay in the paid workforce, but parents who work need child care, so the government offers a small tax break to those who pay that child care in order to keep the parents both in the workforce.
The government wants to encourage population growth. So, they offer a tax break to those who have children. The more kids, the bigger deduction.
The tax break is just the carrot; it's not a moral pronouncement on either decision.
What does the fee cover? If it is a public program in a public building using publically-paid employees, then why the fee?
Now if it is a private program that rents space in a puclic building, but hires privately paid teachers, etc., the fee makes sense.
I will be contributing to the economy when my youngest starts kindergarten. It might be assumed but a parent that is in school during the day is using childcare is writing off childcare as well and isn't contributing to the economy.
No that is not always the case. There are families that pay less taxes than us because they don't make as much money as my DH and they are writing off DC.
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